Capstone Investment Advisors, LLC Top Holdings and 13F Report (2025)

About Capstone Investment Advisors, LLC

Investment Activity

Capstone Investment Advisors, LLC has $37.83 billion in total holdings as of December 31, 2024.
Capstone Investment Advisors, LLC owns shares of 701 different stocks, but just 37 companies or ETFs make up 80% of its holdings.
Approximately 27.72% of the portfolio was purchased this quarter.
About 29.76% of the portfolio was sold this quarter.
This quarter, Capstone Investment Advisors, LLC has purchased 794 new stocks and bought additional shares in 107 stocks.
Capstone Investment Advisors, LLC sold shares of 412 stocks and completely divested from 208 stocks this quarter.

Largest Holdings

SPDR S&P 500 ETF Trust: $9,361,348,018
Tesla: $2,789,819,563
Amazon.com: $2,765,085,681
NVIDIA: $2,644,712,929
Microsoft: $2,060,923,384

Largest New Holdings this Quarter

78463V107 - SPDR Gold Shares: $569,601,779 Holding
92189F676 - VanEck Semiconductor ETF: $121,822,792 Holding
81369Y100 - Materials Select Sector SPDR Fund: $81,097,368 Holding
35909D109 - Frontier Communications Parent: $53,252,100 Holding
98422EAB9 - XERIS BIOPHARMA HOLDINGS INC: $39,888,798 Holding

Largest Purchases this Quarter

SPDR S&P 500 ETF Trust: 7,459,798 shares (about $4.17B)
Tesla: 8,696,829 shares (about $2.25B)
Alphabet: 4,352,043 shares (about $673.00M)
SPDR Gold Shares: 1,976,823 shares (about $569.60M)
NVIDIA: 2,644,401 shares (about $286.60M)

Largest Sales this Quarter

Microsoft: 4,621,946 shares (about $1.74B)
Vanguard S&P 500 ETF: 2,115,804 shares (about $1.09B)
Meta Platforms: 1,146,445 shares (about $660.77M)
Invesco QQQ: 1,204,909 shares (about $565.01M)
iShares Core S&P 500 ETF: 976,831 shares (about $548.88M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
SPY SPDR S&P 500 ETF Trust	$9,361,348,018	$4,172,936,403 ▲	80.4%	16,734,922	24.7%	Finance
TSLA Tesla	$2,789,819,563	$2,253,870,204 ▲	420.5%	10,764,854	7.4%	Auto/Tires/Trucks
AMZN Amazon.com	$2,765,085,681	$29,047,755 ▲	1.1%	14,533,195	7.3%	Retail/Wholesale
NVDA NVIDIA	$2,644,712,929	$286,600,180 ▲	12.2%	24,402,223	7.0%	Computer and Technology
MSFT Microsoft	$2,060,923,384	$1,735,032,309 ▼	-45.7%	5,490,086	5.4%	Computer and Technology
QQQ Invesco QQQ	$1,714,157,692	$565,005,928 ▼	-24.8%	3,655,544	4.5%	Finance
GOOGL Alphabet	$1,198,593,454	$672,999,929 ▲	128.0%	7,750,863	3.2%	Computer and Technology
AAPL Apple	$1,122,186,099	$411,106,209 ▼	-26.8%	5,051,934	3.0%	Computer and Technology
IWM iShares Russell 2000 ETF	$638,642,897	$167,079,458 ▲	35.4%	3,201,378	1.7%	Finance
GLD SPDR Gold Shares	$569,601,779	$569,601,779 ▲	New Holding	1,976,823	1.5%	Finance
IVV iShares Core S&P 500 ETF	$537,283,723	$548,881,339 ▼	-50.5%	956,191	1.4%	ETF
GOOG Alphabet	$499,758,991	$103,974,814 ▲	26.3%	3,198,867	1.3%	Computer and Technology
HYG iShares iBoxx $ High Yield Corporate Bond ETF	$496,360,181	$111,219,122 ▲	28.9%	6,291,801	1.3%	ETF
AMD Advanced Micro Devices	$355,749,887	$256,077,601 ▲	256.9%	3,462,623	0.9%	Computer and Technology
EEM iShares MSCI Emerging Markets ETF	$344,560,909	$28,826,486 ▲	9.1%	7,884,689	0.9%	Finance
META Meta Platforms	$298,915,858	$660,765,041 ▼	-68.9%	518,627	0.8%	Computer and Technology
AVGO Broadcom	$260,857,949	$142,773,254 ▼	-35.4%	1,558,012	0.7%	Computer and Technology
BRK.B Berkshire Hathaway	$252,449,311	$8,492,521 ▼	-3.3%	474,012	0.7%	Finance
GDX VanEck Gold Miners ETF	$210,551,794	$81,680,645 ▼	-28.0%	4,580,200	0.6%	ETF
XLF Financial Select Sector SPDR Fund	$191,324,444	$96,675,432 ▼	-33.6%	3,841,085	0.5%	ETF
XOP SPDR S&P Oil & Gas Exploration & Production ETF	$189,991,675	$100,442,046 ▲	112.2%	1,442,500	0.5%	ETF
JPM JPMorgan Chase & Co.	$176,323,848	$193,134,993 ▼	-52.3%	718,809	0.5%	Finance
WMT Walmart	$135,592,357	$54,797,640 ▼	-28.8%	1,544,508	0.4%	Retail/Wholesale
FXI iShares China Large-Cap ETF	$131,124,224	$43,080,182 ▼	-24.7%	3,658,600	0.3%	ETF
NOVA LTD	$124,904,377	$18,348,148 ▼	-12.8%	50,702,000	0.3%	NOTE10/1
SMH VanEck Semiconductor ETF	$121,822,792	$121,822,792 ▲	New Holding	576,076	0.3%	Manufacturing
LLY Eli Lilly and Company	$110,686,806	$121,080,883 ▼	-52.2%	134,018	0.3%	Medical
XLE Energy Select Sector SPDR Fund	$109,299,120	$103,054,324 ▲	1,650.2%	1,169,600	0.3%	ETF
VOO Vanguard S&P 500 ETF	$105,755,997	$1,087,332,832 ▼	-91.1%	205,787	0.3%	ETF
ABBV AbbVie	$103,745,295	$40,612,100 ▼	-28.1%	495,157	0.3%	Medical
UNITED STATES STL CORP	$100,026,528	$25,602,028 ▲	34.4%	31,584,000	0.3%	NOTE 5.000%11/0
V Visa	$99,705,870	$68,295,192 ▼	-40.7%	284,500	0.3%	Business Services
COST Costco Wholesale	$99,521,592	$134,842,692 ▼	-57.5%	105,227	0.3%	Retail/Wholesale
ZSCALER INC	$94,952,000		0.0%	71,500,000	0.3%	NOTE 0.125% 7/0
BAC Bank of America	$94,344,895	$68,803,464 ▼	-42.2%	2,260,841	0.2%	Finance
PALANTIR TECHNOLOGIES INC	$92,501,556	$50,852,097 ▲	122.1%	1,095,990	0.2%	CL A
IBM International Business Machines	$89,378,102	$14,181,826 ▼	-13.7%	359,439	0.2%	Computer and Technology
UNH UnitedHealth Group	$87,494,533	$60,723,575 ▼	-41.0%	167,054	0.2%	Medical
NFLX Netflix	$84,155,237	$208,023,196 ▼	-71.2%	90,244	0.2%	Consumer Discretionary
JNJ Johnson & Johnson	$82,638,072	$81,046,008 ▼	-49.5%	498,300	0.2%	Medical
VARONIS SYS INC	$82,444,076		0.0%	61,779,000	0.2%	NOTE 1.250% 8/1
XLB Materials Select Sector SPDR Fund	$81,097,368	$81,097,368 ▲	New Holding	943,212	0.2%	ETF
MA Mastercard	$80,427,840	$51,595,632 ▼	-39.1%	146,734	0.2%	Business Services
HD Home Depot	$80,144,766	$67,341,071 ▼	-45.7%	218,682	0.2%	Retail/Wholesale
CRM Salesforce	$71,769,393	$82,936,389 ▼	-53.6%	267,437	0.2%	Computer and Technology
SCHW Charles Schwab	$70,396,030	$17,904,906 ▲	34.1%	899,285	0.2%	Finance
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF	$68,431,333	$26,686,982 ▼	-28.1%	629,601	0.2%	Finance
INNOVIVA INC	$66,783,945	$633,363 ▲	1.0%	60,630,000	0.2%	NOTE 2.500% 8/1
MU Micron Technology	$66,086,709	$35,700,581 ▼	-35.1%	760,579	0.2%	Computer and Technology
XOM Exxon Mobil	$66,057,290	$140,321,583 ▼	-68.0%	555,430	0.2%	Energy
NEOGENOMICS INC	$65,612,558		0.0%	65,777,000	0.2%	NOTE 1.250% 5/0
AIRBNB INC	$64,770,717	$24,576,717 ▲	61.1%	67,681,000	0.2%	NOTE3/1
ORCL Oracle	$64,084,150	$43,777,307 ▼	-40.6%	458,366	0.2%	Computer and Technology
WFC Wells Fargo & Company	$63,877,593	$76,584,279 ▼	-54.5%	889,784	0.2%	Finance
LIVONGO HEALTH INC	$63,143,812		0.0%	63,621,000	0.2%	NOTE 0.875% 6/0
INSMED INC	$62,958,063	$35,595,000 ▲	130.1%	26,531,000	0.2%	NOTE 0.750% 6/0
CLOUDFLARE INC	$61,779,200	$16,594,875 ▼	-21.2%	61,426,000	0.2%	NOTE8/1
XLI Industrial Select Sector SPDR Fund	$61,524,258	$54,093,900 ▲	728.0%	469,400	0.2%	ETF
MS Morgan Stanley	$61,344,153	$78,677,582 ▼	-56.2%	525,792	0.2%	Finance
INTERDIGITAL INC	$60,566,016	$4,704,000 ▲	8.4%	22,532,000	0.2%	NOTE 3.500% 6/0
DIS Walt Disney	$59,789,302	$24,363,108 ▼	-29.0%	605,768	0.2%	Consumer Discretionary
KO Coca-Cola	$59,691,904	$9,102,472 ▼	-13.2%	833,453	0.2%	Consumer Staples
ADBE Adobe	$58,884,511	$65,726,303 ▼	-52.7%	153,533	0.2%	Computer and Technology
INTC Intel	$57,161,206	$93,555,457 ▼	-62.1%	2,517,006	0.2%	Computer and Technology
ISHARES BITCOIN TRUST ETF	$57,093,689	$29,141,519 ▲	104.3%	1,219,690	0.2%	SHS BEN INT
QCOM QUALCOMM	$54,598,524	$73,994,551 ▼	-57.5%	355,436	0.1%	Computer and Technology
MCD McDonald's	$54,446,091	$30,257,720 ▼	-35.7%	174,300	0.1%	Retail/Wholesale
FYBR Frontier Communications Parent	$53,252,100	$53,252,100 ▲	New Holding	1,485,000	0.1%	Computer and Technology
SHIFT4 PMTS INC	$53,016,009	$30,700,131 ▲	137.6%	46,141,000	0.1%	NOTE12/1
IONIS PHARMACEUTICALS INC	$50,147,538		0.0%	50,950,000	0.1%	NOTE4/0
CNX RES CORP	$49,526,204		0.0%	20,104,000	0.1%	NOTE 2.250% 5/0
DIGITALOCEAN HLDGS INC	$49,069,056	$44,786,360 ▲	1,045.8%	52,590,000	0.1%	NOTE12/0
BA Boeing	$48,036,772	$30,449,827 ▼	-38.8%	281,658	0.1%	Aerospace
CSCO Cisco Systems	$48,020,932	$43,272,841 ▼	-47.4%	778,171	0.1%	Computer and Technology
DATADOG INC	$47,187,000	$5,617,500 ▼	-10.6%	42,000,000	0.1%	NOTE 0.125% 6/1
PM Philip Morris International	$46,650,906	$5,961,581 ▼	-11.3%	293,901	0.1%	Consumer Staples
TMUS T-Mobile US	$46,407,540	$55,199,368 ▼	-54.3%	174,000	0.1%	Computer and Technology
XME SPDR S&P Metals & Mining ETF	$45,840,861	$6,573,002 ▼	-12.5%	818,733	0.1%	ETF
ABT Abbott Laboratories	$44,221,000	$23,465,520 ▼	-34.7%	333,366	0.1%	Medical
AKAMAI TECHNOLOGIES INC	$44,083,748	$2,931,750 ▲	7.1%	45,110,000	0.1%	NOTE 0.375% 9/0
PERMIAN RESOURCES CORP	$42,862,206	$2,434,384 ▲	6.0%	17,607,000	0.1%	NOTE 3.250% 4/0
AKAMAI TECHNOLOGIES INC	$42,781,266	$14,471,000 ▼	-25.3%	42,867,000	0.1%	NOTE 0.125% 5/0
CVX Chevron	$42,672,500	$73,206,270 ▼	-63.2%	255,081	0.1%	Energy
BX Blackstone	$41,589,582	$18,539,860 ▲	80.4%	297,536	0.1%	Finance
REDDIT INC	$41,066,881	$40,909,426 ▲	25,981.7%	391,486	0.1%	CL A
LINDE PLC	$40,743,500	$31,102,889 ▼	-43.3%	87,500	0.1%	SHS
PG Procter & Gamble	$40,680,277	$97,960,314 ▼	-70.7%	238,706	0.1%	Consumer Staples
XERIS BIOPHARMA HOLDINGS INC	$39,888,798	$39,888,798 ▲	New Holding	20,900,000	0.1%	NOTE 8.000% 7/1
MRK Merck & Co., Inc.	$39,622,398	$39,858,377 ▼	-50.1%	441,426	0.1%	Medical
RTX RTX	$38,876,613	$11,021,069 ▼	-22.1%	293,497	0.1%	Aerospace
TSM Taiwan Semiconductor Manufacturing	$38,834,870	$36,035,944 ▲	1,287.5%	233,945	0.1%	Computer and Technology
ACN Accenture	$38,555,662	$10,275,477 ▼	-21.0%	123,560	0.1%	Computer and Technology
DEXCOM INC	$38,554,558		0.0%	39,533,000	0.1%	NOTE 0.250%11/1
GS The Goldman Sachs Group	$38,523,825	$54,159,191 ▼	-58.4%	70,519	0.1%	Finance
ENCORE CAP GROUP INC	$37,966,805		0.0%	36,489,000	0.1%	NOTE 3.250%10/0
T AT&T	$35,270,816	$40,663,812 ▼	-53.6%	1,247,200	0.1%	Computer and Technology
UBER Uber Technologies	$34,775,495	$34,090,320 ▼	-49.5%	477,292	0.1%	Computer and Technology
AKAMAI TECHNOLOGIES INC	$34,380,000	$20,532,500 ▲	148.3%	36,000,000	0.1%	NOTE 1.125% 2/1
AXP American Express	$33,734,027	$20,537,932 ▼	-37.8%	125,382	0.1%	Finance
USMV iShares MSCI USA Min Vol Factor ETF	$33,062,074	$17,135,659 ▲	107.6%	353,001	0.1%	ETF

Showing largest 100 holdings. View all holdings.

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Capstone Investment Advisors, LLC Top Holdings and 13F Report (2025)

About Capstone Investment Advisors, LLC

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

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Capstone Investment Advisors, LLC Top Holdings and 13F Report (2025)

About Capstone Investment Advisors, LLC

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Map of 500 Largest Holdings ofCapstone Investment Advisors, LLC

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools